After a continuous fall in recent months, Bangladesh’s foreign currency reserve rose slightly yesterday after an injection of $507 million as the budget support from the World Bank, officials said.
The reserve rose to $30.36 billion from $29.77 billion two days ago, according to the central bank’s latest statistics. This means the reserves have fallen by about 28 per cent from the $42.20 billion seen in May last year.
The reserves have been under strain for months due to higher imports against the lower-than-expected export earnings and remittances. It slipped below $30 billion after making routine payments of $1.18 billion to the Asian Clearing Union (ACU) against the imports for March-April.
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